Among the many renowned universities existing in our world, Stanford University rightly holds the title of being one of the most prestigious.
Located in Stanford, California the school is famous for having released faculty and alumni who produce more than $2.7 trillion in revenue. However, even if someone is an extremely talented student, it is not easy to get into Stanford and bear the expense of studying in a world class University.
Stanford offers many need based scholarships to both U.S. citizens and international applicants alike; there are also numerous external scholarships to help with funding. In this article we’ve put together 9 of the biggest awards available to help you study in the school of your dreams.
Stanford USA MBA Fellowship:
- Aimed at students residing in the Midwest region of the U.S.
- The scholarship pays for tuition and associated fees (approximately US $160000)
- Eligible candidates are permanent residents/citizens of the U.S., candidates who show financial need, and also demonstrate strong ties to one of the following states, that is, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
The fellowship offers financial assistance to students looking to pursue the MBA program and dedicated to improving the economic conditions of regions in the U.S. that have been underrepresented in Stanford’s M.B.A. program.
They are awarded to up to three applicants who apply in either round 1 or round 2 of the application processes. The applicants are required to write an additional 400-word essay on the topic “Tell us about your connection(s) to the Midwest region and about your intended contributions to the region”. Decisions for both rounds are released on the round 2 notification date.
A point to be noted is that, successful awardees must complete at least 2 years of work in one of the above listed Midwest regions.
Charles P. Bonini Partnership for Diversity (P4D) Fellowship Program:
- Targeted at U.S. citizens or permanent residents who have a diverse cultural background.
- The fellowship offers a paid internship at a partner company that will last between 9 to 12 months and full tuition grant for his/her two years at Stanford GSB.
- Eligible candidates include Native Americans, African Americans, Puerto Ricans and basically anyone from a unique background who is confident of being able to add depth and insight to the program.
The was created with the thought of adding more diversity into the world of business by giving opportunities for study to students from unique cultures. Selection is carried out by means of a candidate’s application, their extracurricular activities during college, a 500-word essay and finally an interview of the selected finalists.
- Prospective graduates from all over the world from any field can apply.
- Offers tuition and living costs.
- Students must show leadership ability and commitment to making the world a better place.
The Knight-Hennessey Scholarship program is the largest fully funded scholars program in the world. Each year they award 100 talented individuals from all over the world a fully funded scholarship in any Stanford graduate program.
Through this program, Stanford hopes to accumulate talents from all over the world and transform them into the leaders of the future. Needless to say, the application is highly competitive. A separate form is required to apply, along with unofficial transcripts, a cv, and scores of all standardized testing such as GRE, TOEFL etc.
NSF Graduate Research Scholarship Program:
- For outstanding graduate students pursuing a degree in any NSF approved, research-based masters or doctoral degree in the U.S.
- The program awards a three-year annual stipend of $34000 and a $12000 allowance for tuition and fees.
- The scholarship is available for U.S. citizens/ permanent residents only.
The NSF has funded over 50000 research fellowships.
Harry S. Truman Scholarship Foundation:
- Targeted at U.S. Citizens or permanent residents who have an interest in improving the conditions of government agencies, non-profit organizations or educational institutions for the public.
- The scholarship is worth $30000.
- Students currently enrolled in undergraduate study and who meet the requirements are eligible to apply.
Out of 600 applications, only 55-56 scholarships are awarded each year. The scholarship is extremely competitive and participants need to have a strong academic record, as well as previous experience in leadership, community service, government internship etc. to have a solid chance.
- If you’re looking to pursue graduate study in the Arts, Humanities and Social Sciences, then the Beinecke Scholarship may help you out immensely.
- The scholarship offers an award of U.S. $34,000 for highly motivated students who show exceptional talent in their chosen course of study.
- Eligible candidates must be studying in a Bachelor’s degree and be nominated by Stanford through their Undergraduate Advising and Research program.
AICPA John L. Carey Scholarship Award:
- Established for students who have completed a liberal arts or non-business undergraduate degree before applying to a graduate accounting program.
- The award offers U.S. $5000 a year to
- Eligible candidates must not have completed more than 12 credits in any business course during their undergraduate studies and must have already been accepted into or be applying to a graduate accounting program at Stanford (or any other institution accredited by AACSB International or ACBSP).
The student should also be planning to pursue a CPA certificate.
BCG Fellows MBA Scholarship Program:
- BCG seeks ambitious individuals who seek to make meaningful connections and strong bonds with their team while solving problems.
- Successful applicants receive monetary scholarships and individual mentoring facilities from BCG consultants.
- Eligible candidates for the BCG Scholarship program must be entering their first year in a full-time MBA course at Stanford (or another accredited institution of BCG).
The Davis-Putter Scholarship Fund:
- A need-based scholarship awarded to students who actively participate in movements for social and economic justice.
- A maximum of $10000 a year is awarded to students
- Candidates must be at the college or university level and of course, citizens of the U.S.
Recent awardees were active in protests and movements against racism, homophobia, and other forms of discrimination and oppression.
Aside from the above 9, there are countless other scholarships which are seeking to help the right kind of students fund their graduate education. There is always at least one kind of financial aid out there for everyone.